Yiwu Economy

Yiwu is strong in terms of its markets. The Small Commodity Market has topped China's 100 top open markets for 16 years in a row. It is a banner of China's market economy.

Yiwu Market Complex

The power horse - Yiwu International Trade City, is the only market in China has the title of “Quality Goods, Good Faith” from the State Bureau of Technical Supervision. Products like jewelry, toys, tools, socks, zippers are exporting to over 200 countries from this market every day.

Exportation generated around 60% of all Yiwu revenue. Manufacturing and trading contributes over 95% of Yiwu GDP.

The top 10 destinations of Yiwu commodities are: U.S., UAE, Spain, Germany, Russia, Brazil, Iran, Italy, South Africa and Canada. Transaction with these countries in total accounted for 52% of Yiwu over all exportation, in which the U.S. had a 17% and UAE 7%.

U.S. had been the biggest importer of Yiwu commodities for 3 years from 2004 to 2007. But the financial crisis pushed it to the second in 2008. UAE become the first. However, in Q1, 2009, with a total transaction of 62.98 million USD, Uncle Sam sits back to the No.1 chair again.